The former Peters Cartridge Factory, built in 1916, is an eyesore for many Warren County residents near the Little Miami River.
Since closing after World War II, the plant has sat empty for decades in between stretches of time when a variety of businesses operated there.
Developer Ken Schon of Bloomfield/Schon and Associates has plans to redevelop the nuisance property into 15,000-square-feet of commercial space and 130 “market rate” apartments.
The nearly $26 million project had some setbacks in the early stages of planning. The developer had budgeted $100,000 for tapping into the county’s water and sewer systems but then was confronted with an estimated cost of $980,000. In January 2017, Warren County commissioners decided to cut nearly $500,000 of the cut-in fees.
Bloomfield-Schon will still pay $491,000 for tap-in fees, if it goes forward with the development. Schon said the reduction would help, but would leave him with a funding gap.
“We’ll roll up our sleeves and figure out how to do it,” he said earlier this year. “It will just take us longer.”
The Peters Cartridge Factory is just part of the county’s plan to overhaul and rehabilitate this area.
In 2009, U.S. Environmental Protection Agency issued an order calling for the cleanup of the factory and surrounding area due to soil contamination including lead, copper, mercury, boiler ash and slag.
The $5 million environmental cleanup began in April 2015 and stretched across a half-mile area on the popular Buckeye Trail near the factory. The cleanup took nearly a month to complete.
The latest development near the property is a new $9.5 million bridge that is to be built in 2022 or 2023. The new Kings Avenue bridge would ease the sharpness of a curve on the west side of the river leading to Grandin Road and Mason.
This public investment would take total investment in the area around the former factory over $40 million.
To the north, the King Avenue bridge can be seen. Behind the factory on the northern side, going from east to west along the river bank, is the Buckeye Trail.